Quicken Loans Housing Market Update. Mortgage and Treasury bonds continue their sell-off this morning as signs of an economic recovery have encouraged investors to increase their risk appetite. Today's economic calendar is fairly active, with reports including consumer confidence, factory orders and ISM manufacturing data. Economists expect these numbers to show continuing signs of improvement.
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Tag Archives: Treasury Bonds
Quicken Loans Capital Markets Update – Markets Stay Choppy
Here is today's Economic Update from Quicken Loans Capital Markets Team – for Thursday, April 30, 2009.
Fed Poised to Take Unprecedented Action to Spur Mortgage Lending
Having already cut its target Fed Funds Rate to a range of 0 – .25 percent, the Federal Open Market Committee (FOMC, Fed) today announced that it will maintain the funds rate and will continue, and perhaps expand, its current plan of purchasing mortgage-backed securities. The Fed went even further, stating its prepared to purchase long-term Treasury bonds as a means to help free up credit for consumers.
Mortgage Applications Up on Rate Decrease
With interest rates falling in the last week, consumers took advantage according to the latest Weekly Mortgage Applications survey from The Mortgage Bankers Association (MBA).
Fed Raises Rates for 15th Time in a Row
Fed Chairman Ben Bernanke has raised the Fed Funds rate for the 15th time in a row since the Fed began raising rates in mid-2004. Is the Fed going too far by continuing to raise rates? Does this mean a recession for the economy?
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